FCCO provides 2Q22 operational update at investor conference; NIM expands, NPAs rise

FIRST COMMUNITY CORP /SC/

Loan growth of $40.5M in 2Q22 (18.6% annualized); driven by CRE and Midlands/Upstate SC.
NIM expanded 3 bps to 2.90%; net interest income impacted by $284K prepayment loss on CMOs.
NPAs increased $3.9M to $5.3M (0.32% of assets) due to one $4.1M CRE credit at 76% LTV.
Dividend maintained for 82 consecutive quarters; current yield 2.83%.
Near-term EPS target of $2.00; longer-term targets 1.20% ROA, 14.00% ROTE, 65.00% efficiency ratio.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.